Common use of Deferral of Exercise Clause in Contracts

Deferral of Exercise. Although the Company intends to exert its best efforts so that the shares purchasable upon the exercise of this Option will be registered under, or exempt from the registration requirements of, the Federal Securities Act of 1933 (the “Act”) and any applicable state securities law at the time or times this Option (or any portion of this Option) first becomes exercisable, if the exercise of this Option would otherwise result in the violation by the Company of any provision of the Act or of any state securities law, the Company may require that such exercise be deferred until the Company has taken appropriate action to avoid any such violation.

Deferral of Exercise. Although the Company Corporation intends to exert its best efforts so that the shares purchasable upon the exercise of this Option will be registered under, or exempt from from, the registration requirements of, the Federal Securities Act of 1933 (the “Act”) and any applicable state securities law at the time or times this Option (or any portion of this Option) first becomes exercisable, if the exercise of this Option would otherwise result in the a violation by the Company Corporation of any provision of the Act or of any state securities law, the Company Corporation may require that such exercise be deferred until the Company Corporation has taken appropriate action to avoid any such violation.

Deferral of Exercise. Although the Company intends to exert its best efforts so sot that the shares purchasable upon the exercise of this Option Option, when it first becomes exercisable, will be registered under, or exempt from the registration requirements of, the Federal Securities Act act of 1933 1933, as amended (the “"Securities Act”) "), and any applicable state securities law at the time or times this Option (or any portion of this Option) first becomes exercisablelaw, if the exercise of this Option would otherwise result in the violation by the Company of any provision of the Securities Act or of any state securities law, the Company may require that such exercise be deferred until the Company has taken appropriate action to avoid any such violation.

Deferral of Exercise. Although the Company intends to exert exercise -------------------- its best efforts so that the shares of Company Stock purchasable upon the exercise of this Option will be registered under, or exempt from the registration requirements of, of the Federal Securities Act of 1933 1934 (the “"Act”") and any applicable state securities law at the time or times this the Option (or any portion of this Option) first becomes exercisable, if the exercise of this Option or any part of it would otherwise result in the violation by the Company of any provision of the Act or of any state securities law, the Company may require that such exercise be deferred until the Company has taken appropriate action to avoid any such violation.

Deferral of Exercise. Although the Company intends to exert its best efforts so that the shares purchasable upon the exercise of this Option will be registered under, or exempt from 3 the registration requirements of, the Federal federal Securities Act of 1933 (the “"Act”") and any applicable state securities law at the time or times this Option (or any portion of this Option) first becomes exercisable, if the exercise of this Option would otherwise result in the a violation by the Company of any provision of the Act or of any state securities law, the Company may require that such exercise be deferred until the Company has taken appropriate action to avoid any such violation.

Deferral of Exercise. Although the Company intends to exert its best efforts so that the shares purchasable upon the exercise of this Option will be registered under, or exempt from the registration requirements of, the Federal Securities Act of 1933 (the “Act”) and any applicable state securities law at the time or times this Option (or any portion of this Option) first becomes exercisable, if the exercise of this Option would otherwise result in the violation by the Company of any provision of the Act or of any state securities law, the Company may require that such exercise be deferred until the Company has taken appropriate action to avoid any such violation. 5.